Tailwind Fundraising For Second Fund

Oct 29 2013 | 7:46am ET

Private-equity firm Tailwind Capital is seeking $750 million for its second independent fund—and its first since the exit of one of its three co-founders.

The fundraising goal is actually less than either of New York-based Tailwind's previous funds. Tailwind Capital Partners I raised $775 million in 2008, and the firm was created in 2003 to manage the $1.3 billion Thomas Weisel Capital Partners Fund.

MVision Private Equity Advisors is marketing the fund, according to a Securities and Exchange Commission filing. It is unclear how much has been raised to date.

The new fund follows the departure of co-founder Douglas Karp in March. Karp has since founded p.e. shop Pacific Partners.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…